EURGBP – At an important level

The EURGBP has been trading smoothly between LT support and resistance levels. I like it when it behaves like that, it goes from one important level to the other giving us opportunities to trade and increase our position size when it moves in our favor.

Right now it is trading at an important level and I’m waiting for a breakout before looking for any opportunity:

I’ll look for opportunities in the direction of the eventual breakout.